FUNDAMENTALS

Spot gold held its ground at $4,475.75 per ounce, as of 0040 GMT. Prices jumped 2% ‌on Thursday ⁠as ⁠traders scaled back expectations for a September rate hike after Fed Governor Christopher Waller said he would support leaving rates unchanged if data continued to show inflation pressures moderating.
U.S. gold futures for December delivery fell 0.4% to $4,522.60.

Traders are pricing in an about 50% chance of ​a Fed rate hike later this month, ⁠according to ‌the CME FedWatch Tool.

Though gold is ​often viewed ​as an inflation hedge, elevated interest rates tend ⁠to weigh on the non-yielding asset.

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The U.S. ​nonfarm payrolls report is due at 1230 GMT.
Data showed the number of Americans filing claims for unemployment benefits rose marginally last week amid low layoffs, pointing to stable labour market conditions.The European Central Bank will likely raise rates on September 10 for the second and final ‌time in what would be its shortest hiking campaign in 15 years, according to a Reuters poll.

Among ​other metals, spot ​silver fell ⁠0.1% to $66.88 per ounce, platinum lost 0.3% at $1,820.18 and palladium declined 0.4% to $1,415.37.

Impala Platinum said on Thursday its annual profit increased more than ​31-fold, driven by higher platinum group metal prices.

DATA/EVENTS (GMT)

0600 Germany Industrial Orders MM Jul

0600 Germany Manufacturing O/P Cur Price SA Jul

0600 Germany Consumer Goods SA Jul

0830 UK S&P Global PMI: MSC Composite Aug

1230 US Non-Farm Payrolls Aug

1230 US Unemployment Rate Aug

1230 US Average Earnings YY Aug

Brent crude futures rose 15 cents, or 0.2%, to $95.67 a barrel at 0100 GMT, while U.S. West Texas ‌Intermediate crude ⁠futures were ⁠up 26 cents, or 0.3%, at $91.56.

On a weekly basis, Brent rose 7.1% and ​WTI was 9.8% higher, set for the highest gains since the week ended ​July 20.

U.S. attacks this week that killed and wounded dozens, including Iranian civilians, marked the fiercest clashes between the two countries since ​July.

The war, which began with U.S.-Israeli strikes ⁠at the ‌end of February, is now in its seventh ​month.

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Israeli Defence ​Minister Israel Katz renewed warnings that Israel would “cripple” ⁠Iran’s military and civilian infrastructure, including energy facilities.
U.S. Vice ​President JD Vance told reporters on Thursday that ​Washington does not plan to hold talks with Iran unless Tehran stops attacking commercial shipping in the Strait of Hormuz.Capping oil’s advance, however, Russian President Vladimir Putin said there remained a path to a deal to end the war in Ukraine, adding that both ‌the U.S. and China were prepared to support a peace settlement.

Meanwhile, Iran expanded its list of vessels it deems ​non-compliant and ​subject to fines, ⁠confiscation or detention if they attempt to transit the strait. Iraqi ships remain among the few vessels Tehran has cleared to pass through Hormuz.

Iraq ​increased its oil exports to around 2.34 million barrels per day in August from about 1.35 million bpd in July, two Iraqi energy officials said on Wednesday, with September exports also expected to increase as heavy discounts and Iranian approvals for Iraqi tankers encouraged buyers.

Operator

Good afternoon, ladies and gentlemen. Thank you for standing by. Welcome to Mama’s Creations, Inc. Second Quarter Fiscal 2027 Earnings Conference Call. [Operator Instructions] This conference is being recorded today, Thursday, September 3, 2026, and the earnings press release accompanying this conference call was issued after the market closed today. On our call today is Mama’s Creations Chairman and CEO, Adam L. Michaels, and CFO, Anthony Gruber. Before we get started, I’d like to note that some of the statements on this call will be forward-looking statements that reflect management’s current expectations about future operating and financial results. Although management believes their expectations and assumptions are reasonable, they remain subject to significant risks and uncertainty, and actual results for future periods may differ materially from what is stated or implied during today’s call.

For more information, please refer to the forward-looking statement section in today’s press release and the risk factors disclosed in the company’s most recent Form 10-K and any subsequent reports it files with the SEC. Please also note that today’s call will include a discussion of adjusted EBITDA, which is a non-GAAP financial measure. Important information, including required disclosures containing a reconciliation to the most directly comparable GAAP measure, is also detailed in today’s press release. At this time, I’d like to turn

But industry bodies argue that starting production at the sites would provide much-needed jobs and improve the UK’s energy security as overseas conflicts threaten supply.

Advocates of the project also told the BBC that Jackdaw’s output is critical to extending the life of other North Sea infrastructure including Shearwater – a large offshore oil and gas production hub that processes hydrocarbons before piping them to coastal refineries and terminals.

Adura said that if approval comes in September, the field could start delivering gas to UK homes by this winter as the construction is “99% complete”.

A public consultation on the future of Jackdaw and another new oil field, Rosebank, closed in August and the decision now rests with Energy Secretary Miatta Fahnbulleh.

Speaking in the House of Commons on Thursday, Energy Minister Kate White said that the energy secretary would make separate decisions on the two sites, but gave no indication of the timings of an announcement.

“The process ended in August, and the Secretary of State will be taking those decisions in due course,” she told MPs.

Prime Minister Andy Burnham recently said there needs to be a “pragmatic approach” towards domestic oil and gas.

“We won’t be able to stop using oil and gas for some time. That’s just a fact,” he said.

“The question is whether we can accelerate use of it so that we pay for the transition.”